Teachers Insurance & Annuity Association of America raised its holdings in shares of Potlatch Corporation (NASDAQ:PCH) by 4.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,092 shares of the real estate investment trust’s stock after buying an additional 1,555 shares during the period. Teachers Insurance & Annuity Association of America owned about 0.10% of Potlatch Corporation worth $1,832,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. LS Investment Advisors LLC lifted its position in shares of Potlatch Corporation by 18.2% during the second quarter. LS Investment Advisors LLC now owns 3,140 shares of the real estate investment trust’s stock worth $143,000 after purchasing an additional 483 shares in the last quarter. Riverhead Capital Management LLC lifted its position in shares of Potlatch Corporation by 75.3% during the second quarter. Riverhead Capital Management LLC now owns 3,331 shares of the real estate investment trust’s stock worth $152,000 after purchasing an additional 1,431 shares in the last quarter. First City Capital Management Inc. acquired a new position in shares of Potlatch Corporation during the first quarter worth $206,000. Laurion Capital Management LP acquired a new position in shares of Potlatch Corporation during the second quarter worth $210,000. Finally, ING Groep NV acquired a new position in shares of Potlatch Corporation during the second quarter worth $226,000. 83.25% of the stock is currently owned by hedge funds and other institutional investors.

PCH has been the topic of a number of recent research reports. Raymond James Financial, Inc. cut shares of Potlatch Corporation from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 27th. BMO Capital Markets reissued a “hold” rating and set a $40.00 target price on shares of Potlatch Corporation in a research report on Thursday, July 20th. BidaskClub raised shares of Potlatch Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Zacks Investment Research cut shares of Potlatch Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $47.00 target price on shares of Potlatch Corporation in a research report on Monday, July 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. Potlatch Corporation currently has a consensus rating of “Hold” and an average price target of $45.80.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.375 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.50 annualized dividend and a dividend yield of 3.09%. Potlatch Corporation’s dividend payout ratio is 73.89%.

Potlatch Corporation Company Profile

Potlatch Corporation is a real estate investment trust (REIT), which is primarily engaged in activities associated with timberland management, including the sale of timber, management of timberlands, and purchase and sale of timberlands. The Company is also engaged in the manufacture and sale of wood products.

Institutional Ownership by Quarter for Potlatch Corporation (NASDAQ:PCH)

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